<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM EDUCATIONAL
DEVELOPMENT CORP. AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
       
<S>                             <C>                     <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   6-MOS                   9-MOS
<FISCAL-YEAR-END>                          FEB-28-1998             FEB-28-1998             FEB-28-1998
<PERIOD-START>                             MAR-01-1997             MAR-01-1997             MAR-01-1997
<PERIOD-END>                               MAY-31-1997             AUG-31-1997             NOV-30-1997
<CASH>                                          31,500                 280,000                 271,000
<SECURITIES>                                         0                       0                       0
<RECEIVABLES>                                2,437,800               3,194,000               3,289,200
<ALLOWANCES>                                   182,300                 227,000                 228,200
<INVENTORY>                                 10,173,200              10,177,100               9,172,700
<CURRENT-ASSETS>                            12,667,400              13,665,700              12,705,700
<PP&E>                                       1,313,800               1,318,800               1,307,700
<DEPRECIATION>                                 519,200                 593,200                 650,100
<TOTAL-ASSETS>                              13,475,400              14,398,800              13,370,500
<CURRENT-LIABILITIES>                        4,673,200               5,150,100               3,518,800
<BONDS>                                              0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                     1,084,900               1,084,900               1,084,900
<OTHER-SE>                                   7,717,300               8,163,800               8,766,800
<TOTAL-LIABILITY-AND-EQUITY>                13,475,400              14,398,800              13,370,500
<SALES>                                      4,660,400               9,927,000              15,486,100
<TOTAL-REVENUES>                             4,660,400               9,927,000              15,486,100
<CGS>                                        1,865,900               4,110,900               6,274,300
<TOTAL-COSTS>                                3,503,100               7,494,000              11,723,000
<OTHER-EXPENSES>                               346,100                 710,500               1,077,100
<LOSS-PROVISION>                                15,000                  30,000                  45,000
<INTEREST-EXPENSE>                              49,800                 103,500                 146,400
<INCOME-PRETAX>                                746,400               1,589,000               2,494,600
<INCOME-TAX>                                   282,500                 644,300                 988,900
<INCOME-CONTINUING>                            463,900                 944,700               1,505,700
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                   463,900                 944,700               1,505,700
<EPS-PRIMARY>                                      .09                     .18                     .29
<EPS-DILUTED>                                      .09                     .18                     .28
        

</TABLE>